It has been learnt and the reports have it that Skye Associates has acquired footwear E-Tailer ‘SimplySoles.com’. As per the latest happenings in the world of fashion, reports say that the e-commerce platform form Skye has gone far by adding the eighth acquisition to its feather with the addition of Footwear E-Tailer. All eight acquisitions took place in just two years’ time. The amount for which the footwear has been acquired is still undisclosed.
The previous ones include Fantasy-JewelryBox.com, TheHipChick.com, Yoga-Clothing.com and PinkMascara.com among others. The acquisitions which have been added so far have been done through cash flow and self-financings. The founder of the simplysoles, Kassandra Rempel, will be employed as consultant. He has not been thrown away rather put on board for the betterment of the firm.
The site will now be relaunched on January 1st 2013. The owner of the Skye, Adam Hanin says that it is good and beneficial to acquire the well-famed company like simplysoles to its portfolio. The profits will immediately begin showing now.
Goher Iqbal Punn
Goher Iqbal Punn is a regular author for Fashion Blog.The writer is a famed entertainment and fashion analyst. A renowned Bollywood & Hollywood Analyst, he possesses more than 12 years of showbiz and fashion journalism experience working with the giants of media. He shares a good rapport with the celebs of the entertainment industry.